America will NO LONGER tolerate unfair trade practices. We are one of the most open economies in the world, yet our trading partners keep their markets closed to our exports.
The examples are endless.
🧵 THREAD:
The examples are endless.
🧵 THREAD:
The U.S. tariff on ethanol is a mere 2.5%, but Brazil charges the U.S. ethanol exports a tariff of 18%.
As a result, in 2024, the U.S. imported over $200 million in ethanol from Brazil — while the U.S. exported only $52 million in ethanol to Brazil.
As a result, in 2024, the U.S. imported over $200 million in ethanol from Brazil — while the U.S. exported only $52 million in ethanol to Brazil.
The U.S. average applied Most Favored Nation (MFN) tariff on agricultural goods is 5%, but India’s average applied MFN tariff is 39%.
India also charges a 100% tariff on U.S. motorcycles, while we only charge a 2.4% tariff on Indian motorcycles.
That isn't fair.
India also charges a 100% tariff on U.S. motorcycles, while we only charge a 2.4% tariff on Indian motorcycles.
That isn't fair.
The European Union can export all the shellfish it wants to America — yet the EU *bans* shellfish exports from 48 of our states.
As a result, in 2023, the U.S. imported $274 million in shellfish from the EU — but the U.S. exported only $38 million.
As a result, in 2023, the U.S. imported $274 million in shellfish from the EU — but the U.S. exported only $38 million.
The EU also imposes a 10% tariff on imported cars, yet the U.S. only imposes a 2.5% tariff.
That isn't fair, either.
That isn't fair, either.
A 2019 report found that across 132 countries and more than 600,000 product lines, U.S. exporters face higher tariffs *more than two-thirds* of the time.
President Trump's plan seeks to fix these imbalances and ensure FAIRNESS across the board.
President Trump's plan seeks to fix these imbalances and ensure FAIRNESS across the board.
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